summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the divestment of state pension funds from nuclear weapons. Public Service.
AI Summary
This bill seeks to require the Massachusetts Pension Reserves Investment Management (PRIM) Board to divest the state's pension funds from any companies that are considered "nuclear weapon producers." The bill defines key terms such as "nuclear weapon" and "nuclear weapon producer," and requires the PRIM Board to identify and divest from such companies within 12 months of the bill's enactment. The bill also provides exceptions and reporting requirements to ensure transparency around the divestment process. Overall, the bill aims to align the state's pension investments with its policy of not supporting the nuclear weapons industry.
Committee Categories
Labor and Employment
Sponsors (11)
Mike Connolly (D)*,
Carol Doherty (D),
Michelle DuBois (D),
Natalie Higgins (D),
Patrick Kearney (D),
David LeBoeuf (D),
Jack Lewis (D),
Patrick O'Connor (R),
Lindsay Sabadosa (D),
Erika Uyterhoeven (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5206 (on 09/12/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H2597 |
Bill | https://malegislature.gov/Bills/192/H2597.pdf |
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